Business


United Nations says European Union could win big in US-China trade war United Nations says European Union could win big in US-China trade war
- February 06, 2019

The UN predicted the European Union stood to gain $70 billion as both China and the US seek new outlets for their exports, and up to $90 billion in additional trade due to larger value chain changes in East Asia. The study found that European exports will grow by $70bn, while Japan, Canada and Mexico will see exports increase by more than $20bn each. India is among a handful of countries that stand to benefit from the ongoing trade tensions between the world's top two economies - the USA ... (more...)
Italy blocks EU's bid to get tough on Venezuela Italy blocks EU's bid to get tough on Venezuela
- February 06, 2019

Portugal-based Novo Banco halted the $1.2 billion transfer of Venezuelan government financial assets to Uruguayan banks, legislator Carlos Paparoni said during a congressional session, a day after Guaido said authorities were trying to move funds. (more...)
GM cutting 4,000 workers in latest round of restructuring GM cutting 4,000 workers in latest round of restructuring
- February 05, 2019

CBC reports the majority of salaried job cuts in Canada have already been completed, with most of the workers being laid off agreeing to an incentive package. GM also plans to close one Canadian and four USA auto factories, shedding another 5,000 jobs. Michigan - Detroit/Hamtramck Assembly: Manufacturing plant for the Cadillac CT6, the Buick LaCrosse, the Chevrolet Volt, and the Chevrolet Impala. (more...)
British music retailer HMV receives last-minute offer from Canada's Sunrise Records - FT British music retailer HMV receives last-minute offer from Canada's Sunrise Records - FT
- February 05, 2019

It did not provide further financial details of the offer. It pits the 34-year-old against billionaire Sports Director owner Ashley, who wants to add the carcass of HMV to his growing retail empire. The retailer, one of Britain's best-known high street stores, went into administration in 2013 before its rescue by restructuring specialist Hilco, but has since been hit by competition from online rivals and music streaming services. (more...)
Ryanair reports third quarter loss of €20m Business Ryanair reports third quarter loss of €20m Business
- February 05, 2019

But Ryanair repeated it is not ruling out further cuts to its guidance "especially if there are unexpected Brexit and/or security developments which adversely impact fares for close-in bookings between now and the end of March". Chair David Bonderman and senior independent director Kyran McLaughlin have said they will step down from the board in summer 2020. Ryanair said the loss did not take into account the €46.5m it spent on purchasing the remaining 25% of budget airline Laudamotion. (more...)
Trump Expected To Tap World Bank Critic To Be Its President Trump Expected To Tap World Bank Critic To Be Its President
- February 05, 2019

That's according to a senior administration official who spoke on condition of anonymity because the official wasn't authorized to comment publicly on personnel decisions. China is the World Bank's third largest shareholder after Japan, with about a 4.5 percent share of voting power. But it supported a funding increase for the World Bank a year ago, which raised $13billion from member countries. (more...)
Apple agrees to €500m tax settlement with France
- February 05, 2019

Last year Apple paid an extra £136m in tax following an "extensive audit" by HM Revenue and Customs. Apple's French business confirmed there was a deal in a statement to the Reuters news agency but refused to say how much was paid. The issue has been referred to the OECD, which aims to come up with an worldwide tax by 2020. US technology giant Apple said it had reached a deal with France to pay an undeclared amount of back-dated tax, with French media putting the sum at around 500 ... (more...)
Oil prices edge lower, tightening supply outlook supports Oil prices edge lower, tightening supply outlook supports
- February 05, 2019

The European Union (EU) is mulling over imposing more sanctions on Venezuela, but those sanctions will not be targeting the oil sector, as the bloc looks to punish individuals, not the people of Venezuela, Malta's Foreign Minister Carmelo Abela told Reuters on Monday. (more...)
Charlotte Russe files for bankruptcy, will close 94 stores Charlotte Russe files for bankruptcy, will close 94 stores
- February 05, 2019

The company has received around $50 million in debtor-in-possession financing which will help it operate during the bankruptcy. Charlotte Russe Holdings Corp., a fashion retailer for women in their teens and 20s, plans to close 96 stores across the country, including at the Mall of America in Bloomington and Burnsville Center in Burnsville. (more...)
Expert claims bloc 'ATTACKED Britain’s local government and took CONTROL — EU REVELATION Expert claims bloc 'ATTACKED Britain’s local government and took CONTROL — EU REVELATION
- February 05, 2019

German Chancellor Angela Merkel attends a joint news conference with Japan's Prime Minister Shinzo Abe in Tokyo, Japan, February 4, 2019. The backstop is an insurance policy created to avoid a hard border "under all circumstances" between Northern Ireland and the Irish Republic after Brexit. (more...)
Japan's Nissan abandons plans to build X-Trail model in UK Japan's Nissan abandons plans to build X-Trail model in UK
- February 05, 2019

He added that the United Kingdom should be thanking Nissan for its Sunderland plant . Prime Minister Theresa May will start a two-day visit to Northern Ireland on Tuesday to try to bolster support for her divorce deal with the European Union, as she faces fresh pressure to scrap the so-called backstop plan for the Irish border. (more...)
Google Stock Falls on a Lower Fourth-Quarter Profit Margin Google Stock Falls on a Lower Fourth-Quarter Profit Margin
- February 05, 2019

The results beat analyst expectations. Last year Google chose its fourth-quarter earnings call to disclose a quarterly cloud revenue run rate above $1 billion , but it has declined to update that number since that disclosure. The downside is average ad prices are shrinking as Google serves more commercial messages through computerized placements and on YouTube - both of which tend to have lower prices than Google's traditional desktop PC web search messages. (more...)
Reliance Communications plunges to record low after approaching bankruptcy court Reliance Communications plunges to record low after approaching bankruptcy court
- February 05, 2019

The move to go to bankruptcy court comes after India's top court in January relaxed rules forbidding founders or entities related to them from purchasing assets admitted under the insolvency process. Under the court-led restructuring, which it aims to complete within 9 months, RCom said on Sunday it will continue to pursue the sale of all telecom infrastructure assets and spectrum, seek to monetise its assets and sell and develop real estate. (more...)
Tesla to Acquire Maxwell Technologies for $218 Million Tesla to Acquire Maxwell Technologies for $218 Million
- February 05, 2019

The announcement comes amid a cost-cutting initiative at the automaker - which announced just last month it would slash an additional 7 percent of its workforce as it works to lower the price of its flagship Model 3 sedan to reach a broader market. (more...)
Tesla starts off cheaper Model 3 auto variant sales in China Tesla starts off cheaper Model 3 auto variant sales in China
- February 05, 2019

But according to Musk, the demand for Tesla vehicles is "insanely high", but the cars are just unaffordable for most consumers: The demand for - the demand for Model 3 is insanely high. Having other companies make electric cars, Musk said the world would benefit from rapid advances in technology. By comparison, the medium-range RWD Model 3 in the United States starts at $35,950. (more...)
Vice Cuts 10 Percent Of Staff Vice Cuts 10 Percent Of Staff
- February 05, 2019

A tidal wave of layoffs The media industry has been facing a huge wave of layoffs as Facebook and Google continue to gobble up most of the digital advertising dollars. The company will also invest in areas that Dubuc and her senior leadership team have deemed poised for growth, including the Studios division and Virtue, which added 20 new clients to its roster in 2018. (more...)
Cryptocurrency investors locked out of $190m after exchange founder dies Cryptocurrency investors locked out of $190m after exchange founder dies
- February 05, 2019

Police dispute claims more cryptocurrency taken from Christchurch company Cryptopia * Who stole the crypto from the crypto jar? Cotten's widow, Jennifer Robertson, has filed for creditor protection, saying that the firm can not access coins in "cold storage", Coindesk reports . (more...)
Pizza Hut Delivers To MetroWest Medical Center; Super Bowl Baby Born Pizza Hut Delivers To MetroWest Medical Center; Super Bowl Baby Born
- February 04, 2019

Papa John's has a number of Super Bowl party specials , including "The MVP", which serves 10-15 with five large 1-topping pizzas & two Pepsi 2-liter products. Domino's is offering the unreal this year. Domino's: A representatives from the pizza chain told Newsweek that they will be serving their evergreen deals, which you can find here. (more...)
Watch SpaceX Test Fire the Raptor Engine Watch SpaceX Test Fire the Raptor Engine
- February 04, 2019

Musk tweeted in December that the Raptor had undergone a "radical redesign". It comes just days after Musk's Starship prototype was knocked over by 50mph winds in Texas and suffered extensive damages. The Starship is the craft that is created to transport people across the Earth in hours and eventually carry humans to Mars. "First firing of Starship Raptor flight engine!" That's equivalent to the power of the BE-4 rocket engines that Amazon billionaire Jeff Bezos' Blue Origin space ... (more...)
Lyft sues to block NYC’s driver minimum wage law Lyft sues to block NYC’s driver minimum wage law
- February 04, 2019

While Uber has a higher utilization rate than Lyft or Juno, for the first year of the program, all three companies would operate under its utilization rate of 58%. Lyft and Juno could not be reached for comment. "This is an indefensible attack on workers by the billion-dollar corporations that profit from their labor", Jim Conigliaro Jr., founder of the Independent Drivers Guild, said in a statement. (more...)
UK PM May will seek 'pragmatic' solution to Brexit deal in Brussels UK PM May will seek 'pragmatic' solution to Brexit deal in Brussels
- February 04, 2019

Tory MPs have called for the removal of the backstop from the Brexit deal or for the agreement to include a time limit or a unilateral exit mechanism. Nissan has cancelled plans to make its X-Trail SUV in the United Kingdom — a sharp blow to Brexit supporters, who had fought to have the model built in northern England. (more...)
Super Bowl LIII: Here's your fan guide to the big game Super Bowl LIII: Here's your fan guide to the big game
- February 03, 2019

New England is 3-2 all-time wearing the jerseys in the Super Bowl. The Patriots' first three triumphs, in Super Bowl XXXVI, XXXVIII and XXXIX were all by a three-point margin. To get that perspective, Los Angeles native Rich Hammond , who covers the Rams for the Orange County Register, the Los Angeles Daily News and the Southern California News Group, joined WBUR's Weekend Edition host Sharon Brody. (more...)
GM layoffs expected to cut more than 4K white-collar workers GM layoffs expected to cut more than 4K white-collar workers
- February 03, 2019

Layoffs start Monday as part of the previously announced 15 percent reduction in white collar jobs in North America, according to CNN . The company hopes the workforce cuts will save it $6 billion a year by the end of 2020. He says that move, paired with "the cyclical downturn in the industry that they're getting in front of", has influenced the layoff decision. The layoffs are expected to begin at 7:30 a.m. (more...)
Jan 31 2019 Range Rover SV Coupe axed Jan 31 2019 Range Rover SV Coupe axed
- February 03, 2019

The company had planned to build 999 of these exclusive models globally but has canceled all existing orders; according to Auto Express , some customers had already configured their vehicles. The Range Rover SV Coupe was the carmaker's showpiece at the Geneva Motor Show 2018 and meant to celebrate 70 years of Land Rover, with each being hand-made and limited to just 999 vehicles. (more...)
BP bows to climate pressure from shareholders BP bows to climate pressure from shareholders
- February 03, 2019

The resolution came from Climate Action 100 +, a group of 320 investors such as the investment arms of HSBC Holdings PLC (LON:HSBA), Legal & General Group PLC ( LON:LGEN ) and the C of E. They said on February 1 that while the resolution leaves it up to BP to "set out the process and methodology" for its disclosures, "investors will be keen to ensure they are sufficiently robust and reliable". (more...)

« previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 next »